IMI PLC |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,758 GBX | +0.31% |
|
+2.38% | +4.75% |
| 04-15 | RBC Raises IMI PT, Keeps at Outperform | MT |
| 04-15 | Oil falls despite rising Iran-Israel tensions | AN |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,543 | 3,193 | 3,155 | 4,519 | 3,335 | 4,541 | 4,541 | - |
| Enterprise Value (EV) 1 | 2,947 | 3,621 | 3,458 | 5,139 | 4,147 | 4,352 | 4,970 | 4,740 |
| P/E ratio | 15.1 x | 20.5 x | 18.6 x | 23.7 x | 14.8 x | 18.5 x | 17.5 x | 14.4 x |
| Yield | 4.3% | 3.49% | 1.93% | 1.37% | 2% | 1.64% | 1.74% | 1.88% |
| Capitalization / Revenue | 1.33 x | 1.7 x | 1.73 x | 2.42 x | 1.63 x | 1.98 x | 2.01 x | 1.92 x |
| EV / Revenue | 1.55 x | 1.93 x | 1.89 x | 2.75 x | 2.02 x | 1.98 x | 2.2 x | 2 x |
| EV / EBITDA | 9.21 x | 10.1 x | 9.11 x | 12.7 x | 9.08 x | 8.65 x | 9.29 x | 8.25 x |
| EV / FCF | 19.8 x | 14.5 x | 12.4 x | 24.3 x | 19.5 x | 20.2 x | 16.7 x | 14.2 x |
| FCF Yield | 5.04% | 6.88% | 8.05% | 4.12% | 5.12% | 4.94% | 5.98% | 7.05% |
| Price to Book | 3.84 x | 4.5 x | 3.95 x | 5.97 x | 3.69 x | 4.27 x | 3.76 x | 3.15 x |
| Nbr of stocks (in thousands) | 269,374 | 270,831 | 270,855 | 260,311 | 258,957 | 259,058 | 259,058 | - |
| Reference price 2 | 9.440 | 11.79 | 11.65 | 17.36 | 12.88 | 17.53 | 17.53 | 17.53 |
| Announcement Date | 01/03/19 | 28/02/20 | 26/02/21 | 25/02/22 | 03/03/23 | 01/03/24 | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,907 | 1,873 | 1,825 | 1,866 | 2,049 | 2,196 | 2,261 | 2,370 |
| EBITDA 1 | 320 | 357 | 379.5 | 403.5 | 457 | 503.2 | 535.1 | 574.2 |
| EBIT 1 | 265.5 | 266 | 285 | 318 | 363.8 | 410.6 | 440 | 471.8 |
| Operating Margin | 13.92% | 14.2% | 15.62% | 17.04% | 17.76% | 18.7% | 19.46% | 19.91% |
| Earnings before Tax (EBT) 1 | 212.9 | 189.3 | 214 | 244.6 | 285.4 | 302.4 | 341.9 | 411.6 |
| Net income 1 | 169.4 | 156.1 | 170.2 | 196.3 | 226.3 | 237.3 | 259.3 | 312.4 |
| Net margin | 8.88% | 8.33% | 9.33% | 10.52% | 11.04% | 10.81% | 11.47% | 13.18% |
| EPS 2 | 0.6240 | 0.5760 | 0.6270 | 0.7320 | 0.8720 | 0.9120 | 1.002 | 1.213 |
| Free Cash Flow 1 | 148.6 | 249 | 278.3 | 211.7 | 212.4 | 256 | 297.1 | 334.2 |
| FCF margin | 7.79% | 13.29% | 15.25% | 11.35% | 10.37% | 11.69% | 13.14% | 14.1% |
| FCF Conversion (EBITDA) | 46.44% | 69.75% | 73.33% | 52.47% | 46.48% | 50.46% | 55.53% | 58.2% |
| FCF Conversion (Net income) | 87.72% | 159.51% | 163.51% | 107.85% | 93.86% | 105.83% | 114.58% | 106.98% |
| Dividend per Share 2 | 0.4060 | 0.4110 | 0.2250 | 0.2370 | 0.2570 | 0.2881 | 0.3052 | 0.3299 |
| Announcement Date | 01/03/19 | 28/02/20 | 26/02/21 | 25/02/22 | 03/03/23 | 01/03/24 | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S1 | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 910 | 963 | 867 | 958 | 907 | 959 | 972 | 1,077 | 1,084 | 1,112 | 1,080 | 1,178 |
| EBITDA | 164 | 193.3 | - | 212.6 | 185.5 | 218 | - | - | - | - | - | - |
| EBIT 1 | 118 | 148 | 121 | 164 | 142.1 | 175.9 | 159.8 | 204 | 193 | 217.8 | 197.6 | 240.5 |
| Operating Margin | 12.97% | 15.37% | 13.96% | 17.12% | 15.67% | 18.34% | 16.44% | 18.94% | 17.8% | 19.59% | 18.3% | 20.43% |
| Earnings before Tax (EBT) | - | 96.6 | - | 120.4 | 122.8 | 121.8 | - | - | - | - | - | - |
| Net income | - | 79.3 | - | - | - | 112 | - | - | - | - | - | - |
| Net margin | - | 8.23% | - | - | - | 11.68% | - | - | - | - | - | - |
| EPS | 0.2730 | 0.2930 | - | 0.3540 | 0.3120 | 0.4200 | - | - | - | - | - | - |
| Dividend per Share 2 | 0.1490 | 0.2620 | 0.0750 | 0.1500 | 0.0790 | 0.1580 | 0.0830 | 0.1740 | 0.0910 | 0.1910 | 0.1000 | 0.2110 |
| Announcement Date | 26/07/19 | 28/02/20 | 24/07/20 | 26/02/21 | 30/07/21 | 25/02/22 | 29/07/22 | 03/03/23 | 28/07/23 | 01/03/24 | - | - |
1GBP in Million2GBP
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 405 | 428 | 302 | 620 | 812 | 636 | 428 | 198 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.264 x | 1.199 x | 0.7966 x | 1.536 x | 1.777 x | 1.254 x | 0.8005 x | 0.3456 x |
| Free Cash Flow 1 | 149 | 249 | 278 | 212 | 212 | 256 | 297 | 334 |
| ROE (net income / shareholders' equity) | 31.2% | 22.7% | 22.6% | 24.9% | 32.3% | 30% | 27.1% | 24.9% |
| ROA (Net income/ Total Assets) | 11.6% | 8.61% | 9% | - | 11.6% | 12% | 12.3% | 12.3% |
| Assets 1 | 1,455 | 1,813 | 1,891 | - | 1,948 | 2,016 | 2,103 | 2,548 |
| Book Value Per Share 2 | 2.460 | 2.620 | 2.950 | 2.910 | 3.490 | 4.100 | 4.660 | 5.560 |
| Cash Flow per Share 2 | 0.7600 | 1.160 | 1.210 | 1.000 | 1.090 | 1.390 | 1.450 | 1.620 |
| Capex 1 | 58.4 | 65.8 | 50.7 | 57.5 | 71.3 | 74 | 77 | 72.6 |
| Capex / Sales | 3.06% | 3.51% | 2.78% | 3.08% | 3.48% | 3.38% | 3.4% | 3.06% |
| Announcement Date | 01/03/19 | 28/02/20 | 26/02/21 | 25/02/22 | 03/03/23 | 01/03/24 | - | - |
1GBP in Million2GBP
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
BUY
Number of Analysts
17
Last Close Price
17.53
GBP
Average target price
20.31
GBP
Spread / Average Target
+15.87%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +4.75% | 5.7B | |
| +12.62% | 83.13B | |
| +20.41% | 71.2B | |
| +20.89% | 37.69B | |
| +16.30% | 32.06B | |
| +11.57% | 27.33B | |
| +4.10% | 27.11B | |
| +2.11% | 26.01B | |
| +18.18% | 24.74B | |
| +17.57% | 24.71B |
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